Intel has launched a new competition aimed at people running or starting businesses after the age of 50. The overall winner will receive £8,000 as well as mentoring from Simon Woodroffe of TV’s Dragon’s Den. The winner and two runners up will also receive top-of-the-range Intel laptops.
The competition is called ProfIT@50, and is open to both new business proposals and established businesses wishing develop. Either way, your plan will need to have an IT or Internet component to stand a chance of winning. The judging panel is led by Simon Woodroffe, and includes representatves from Intel and PRIME – the business charity behind this web site.
“Older entrepreneurs should look at their age as one of their biggest advantages”, says Simon. “When I set up YO! Sushi a few years ago, banks said my age made me far more ‘investable’, as older people have valuable life experience and are often more highly motivated to succeed.
“With Intel’s ProfIT@50 competition, I want to encourage other potential ‘late starters’ to go out there and turn their business dreams into reality.”
Intel makes the chips at the heart of most of the world’s computers. Tristan Wilkinson, Intel’s Director for Public Sector, says “There is a wealth of potential amongst the UK’s over 50s, a huge number of whom are currently out of work but wish to remain economically active. For too long emphasis has been placed on nurturing entrepreneurship amongst the young. This is why Intel has teamed up with Simon Woodroffe, to encourage seniors to get back into business.”
Endorsing ProfIT@50, Laurie South, Chief Executive of the PRIME Initiative, says “This competition is a great way of encouraging anyone with an entrepreneurial dream to unlock their experience, talent and potential.”
Commenting on the competition’s technological element, Simon Woodroffe says that computers and the Internet have a crucial role to play. “Businesses can’t survive without them, whilst they make it easier for retirees to remain mentally stimulated and financially independent, by working for themselves at home.”
For further information or to request an application form please call the competition helpline at 0870 990 5491 or visit www.profitat50.co.uk, where you can fill the form in online or download it. Entries must be in by Thursday the 31st of August 2006.
If you're new here, you may also want to visit our main web site PRIME Business Club where we provide lots of practical information to support clients.
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